Before You Jump on the Bandwagon …

The recent surge of interest in MOOC’s suggests that some colleges hope that offering such courses is a kind of inoculation against the effects of technological disruption, and many institutions are feeling tremendous pressure to join the elite group of colleges that has staked a claim in this area. It is not clear, though, whether every college has weighed the costs and benefits of membership in what is now, at least, a particularly exclusive club. The speed with which announcements of new MOOC initiatives have emerged in the last few months seems reminiscent of the period in 2007-8 that saw a number of colleges follow the lead of Princeton in eliminating loans from their financial-aid packages. The need to become a “no-loan” institution was suddenly talked about at board meetings across the country, and every month another prestigious college proudly announced that its financial aid would consist entirely of grants. There was much less fanfare when, following the recession of 2008, a number of colleges had to eliminate their no-loan policies.

Read full article [here].
by Alison Byerly, The Chronicle of Higher Education.

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